Former Eaze consultants get sentenced to jail time for committing bank fraud. Texas Governor Abbott allows a bill that will require the state to research psychedelic therapy for veterans, and Connecticut legalized recreational cannabis!
Former Eaze consultants land jail time for bank fraud
and Connecticut legalizes recreational cannabis
This is Lo with Veriheal keeping you up to date with the latest in cannabis news
Remember the chaos surrounding cannabis delivery platform Eaze? The company faced some legal troubles when employees got caught defrauding banks.
CEO Jim Patterson pled guilty last year to committing bank fraud
And now, 2 former consultants have been sentenced to more than a year in prison each.
Eaze, itself, wasn’t ever charged with any crimes and actually cooperated with authorities who ultimately found that the consultants used shell companies to disguise cannabis transactions as those for other various commodities for 3 years.
If you aren’t aware, there are limited banking options when it comes to the cannabis sector
Because it still remains a federally prohibited substance, most banks insured by the FDIC consider it risky.
Which, unfortunately, leads to situations where cannabis businesses lie about what they do.
Next in news,
if you’re a veteran in the state of Texas and are interested in psychedelic therapy for PTSD, do we have some news for you!
Just days after lightly expanding the state’s medical cannabis program, Governor Abbot allowed a bill that would require the state to explore psychedelic therapies.
Under this new measure, the state will partner with Baylor’s College of Medicine and another military medical facility to study the risks and benefits of psilocybin, MDMA, and ketamine for military veterans.
Representative Alex Dominguez, the sponsor of the bill stated that “psychedelic medicine has the potential to completely change society’s approach to mental health treatment, and research is the first step to realizing that transformation.”
Texas joins a handful of other states that are reforming laws surrounding psychedelics.
And last but not least,
Connecticut has officially legalized recreational cannabis use!
The new law will officially take effect on July 1. However, the retail market will not be established until 2022.
The law allows those aged 21 and up to possess up to 1.5 ounces on their person and up to 5 ounces in a locked container in a home.
It also establishes market framework where those from communities impacted by the War on Drugs will be given priority for licenses,
The new law also addresses expungement for certain cannabis convictions as well as provisions for enforcing drugged driving.
We can’t wait to see what’s in store for Connecticut!
So go ahead and like this video and give us a follow at Veriheal for the latest in cannabis news.
Thanks for watching!
In 2018, former President Donald Trump signed the Farm Bill into law. The Farm Bill is the federal government’s primary agricultural and food policy instrument. Every five years, Congress deals with renewing and revising the comprehensive bill. Before 2018, cannabis was not part of the conversation around farm subsidies or crop insurance. With the passing…
Four U.S. states—Minnesota, Ohio, Oklahoma, and Pennsylvania—stand a good chance at legalizing recreational cannabis this year. There’s also a slim chance of efforts being successfully voted on in the Carolinas, Indiana, and New Hampshire. Advocates are pushing harder for cannabis reform after achieving mixed results during last year’s midterm elections, which saw two victories (Missouri…
Thursday, Jan. 26, 2023, will be a date to remember for cannabis lobbyists in Greece because, on this day, the first-ever medicinal cannabis production plant was inaugurated at Examilia in Corinth. Drizzled in seaside charm, Corinth is renowned for its ancient Roman remains and now claims the limelight as a medical marijuana production hub. Tikun…
Nobody wants to spend time with paranoid Pete, but if you don’t choose your cannabis strains wisely, you could get flung into a portal of paranoia yourself. Funnily enough, a recent Marist poll found that almost a third of cannabis users in the U.S. use marijuana to ease anxiety or stress. A separate Marist poll…
Oklahomans’ cannabis vote ended on a sour note, a Canadian dispensary is facing backlash over cocaine sales, and Arizona law students are offering free expungement services. Let’s dive into this week’s cannanews. Oklahomans Vote on Cannabis Legalization Earlier this week, Oklahoma voters had a big decision to make on the ballot. Question 820 asked Oklahomans…
We’ve all been there. You take too many hits from a joint or too much of a potent edible, possibly not knowing…
Despite being far from new, psychedelic therapy is an avenue of medicine that is gaining more traction these days. Many people believe…
Cannabis patients’ right to own a gun has been in question since cannabis legalization kicked off. Despite the fact that consumers of…